According to the app from WiseNews, Pegasus Int'l (00676) released the interim performance for the six months ending on June 30, 2024. The group earned revenue of 3.232 million USD, a 4.76% increase year-on-year; the net profit attributable to the owners of the company was 0.165 million USD, a 44.44% decrease year-on-year; and the earnings per share were 0.02 cents per share.

As a footwear export manufacturing enterprise, the group also couldn't escape the impact. Thanks to the trust from customers, along with the dedicated work of sales and production staff to maintain good service and product quality for customers, the group's footwear exports remained stable for the six months, similar to last year.

As for the business of renting out idle factories, it remained stable in the first half of the year, bringing in good cash flow for the group. Due to the repeated fluctuations in the mainland China economy, the group will be more cautious in seeking new tenants, examining the tenants' business and financial capabilities. At the same time, it will try to negotiate early renewals with existing high-quality tenants to make good use of the rentable area.